Otsego, MI 49078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Otsego, MI—49078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$260,000

3.6% YoY Growth

Household Income

$77,500

46.8% YoY Growth

Days on Market

35.0% Shorter YoY

Home Price Forecast

3.1%

Median Rent

$1,000

86.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,000

N/A

Home Price Trends — Otsego, MI

As of Dec '25, the median home price in Otsego, MI is $260,000, with a year-over-year change of 3.6%. This indicates that home prices in Otsego, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$260,000	3.6%
Single Family	$259,000	4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Otsego, MI

As of July '25, Rentcast reports the average rent in Otsego, MI is $1,000, with a year-over-year rent change of 86.6%. Per bedroom, the median rent as of July '25 in Otsego, MI is 3-bedrooms: $1,000. The most common rental property sizes in Otsego, MI are 2-bedroom and 1-bedroom, accounting for 46.9% and 24.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,000
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,000	$1,000
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

24.1%

2 Bedrooms

46.9%

3 Bedrooms

23.3%

4 Bedrooms

5.7%

Property Listings — Otsego, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Otsego, MI is 31. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$237,000	-9.0%
Listing Count	30	6.0%
Listings as % of Homes	0.4%	6.0%
Days on Market	24	-35.0%

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Demographics — Otsego, MI

As of the latest ACS Survey released in 2023, Otsego, MI has a population of 10,500, which has increased by 13.3% over the past 5 years. Otsego, MI is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,500	13.3%
% Under 18	20.3%	-8.1%
% Seniors	15.8%	-4.8%
% WFH	5.6%	16.7%
% w/ College Degree	18.6%	0.5%

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As of the latest ACS Survey released in 2023, Otsego, MI is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Otsego, MI is hispanic, making up 4.5% of the population. Foreign-born residents account for 4.4% of the population in Otsego, MI, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.6%	-8.8%
% Black	0.3%	0.0%
% Hispanic	4.5%	200.0%
% Asian	0.2%	-60.0%
% Foreign Born	4.4%	300.0%

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Mortgage and Risk — Otsego, MI

According to HUD data as of 2023, there were 242 mortgage originations in Otsego, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Otsego, MI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	242
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Otsego, MI

Otsego, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	74
Total Units Section 8	74
% Rentals under Section 8	10.2%
% Occupied Section 8	94.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$980
2 Bedroom	N/A	N/A	$1,270
3 Bedroom	$630	$1,000	$1,630
4 Bedroom	N/A	N/A	$1,720

Otsego, MI—49078

Key Metrics at a Glance

Home Price Trends — Otsego, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Otsego, MI

% of Rental Stock

Property Listings — Otsego, MI

Demographics — Otsego, MI

Race and Ethnicity

Mortgage and Risk — Otsego, MI

Mortgages

Rentals and Section 8 — Otsego, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Otsego, MI

Home Price to Income Ratio

Otsego, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Martin, MI

Gunplain, MI

Gobles, MI

Allegan, MI

Kalamazoo, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$260,000
Median Household Income	$77,500

Otsego, MI—49078

Key Metrics at a Glance

Home Price Trends — Otsego, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Otsego, MI

% of Rental Stock

Property Listings — Otsego, MI

Demographics — Otsego, MI

Race and Ethnicity

Mortgage and Risk — Otsego, MI

Mortgages

Rentals and Section 8 — Otsego, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Otsego, MI

Home Price to Income Ratio

Otsego, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Martin, MI

Gunplain, MI

Gobles, MI

Allegan, MI

Kalamazoo, MI

Frequently Asked Questions

What is the average home price in Otsego, MI 49078?

How have home prices in Otsego, MI 49078 changed over the past year?

What is the home price projection for Otsego, MI 49078?

What are the demographics of Otsego, MI 49078?

How long does it take homes to sell in Otsego, MI 49078?

What is the average rent price in Otsego, MI 49078?